annanbear

I might be wrong. But I spent a while reading the CVA doc and that's what I gathered from it.

Yes all that is true. But it doesn't make BTC part of the CVA. CVA could be agreed, we come out of administration then BTC rules against us and we have £75m to pay.

Make your one mind up with some light reading :-) http://www.rangers.co.uk/staticFiles/fe/a8/0,,5~174334,00.pdf

Yes. Read the CVA document if you want proof. HMRC are creditors due nearly £15m for paye etc. There's a note that says BTC is yet to be concluded but there's potential exposure to £75m.

Have a read of the CVA document, BTC hasn't been ruled upon yet.

Yup, AKA no-disclosure agreement, I prefer your term though!

Did attendees at the meeting have to sign a NDA?

Ricky is saying that in this particular CVA there are T+C attached to it relating to the Big Tax Case.

I thought if the CVA is turned down, then the assets will be sold and proceeds given to the creditors, so they may get more that way than a CVA?

By who?

Maybes aye, Maybes no.

I reckon the SFA are involved here, they've told Miller they can't guarantee there will be no more punishment and his plan hinged on us staying in SPL.

Not this again....

I knew Drew before he was in WWE, good guy.

Jim Traynor mentioned it on the radio recently. As part of the wage reduction it was agreed that if administrators are stil in when the window opens then the player can be sold on the cheap.

Simply put, we didn't turn up today, hurting but there are harder challenges ahead of us very soon.

Make a piece!

He only put in £1 FFS.

Who are you suggesting sues him? He still owns the club, can the club sue its owner?

We need on average 100,000 bears to pay £10 a month plus whatever it costs to administer to do it. We'd never get that many but anything would do.

Like who? Would any ex player have enough to just give away, even in the knowledge it could all go down the drain if HMRC win the tax case? These ex players don't exist.

Even those who are wealthy and willing will be unlikely to be able to produce cash. Their wealth will be tied up in investments, stocks, shares, no sitting in the bank and able to be withdrawn at a moment's notice.

It depends what was in the contract. There might be a clause that if season tickets sold were less than x % then the shortfall would be made from match tickets. We need someone in the know before these types of action are taken as it might involve More expense for then club (admin staff etc).

Jesus wept. How would you even begin to think he'd get away with that? Fraud squad would have a field day. Wake up.

How much of the £30m went on running the club, extra pay to Whittaker, Shagger etc on top of existing wages and money paid to caterers and other suppliers. My worry is that there is nothing left of the £30m. If there are account out there, even unaudited that could help explain this then we'd know just a little bit more about what was going on.